![Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposited-Demonetization-period-Threshold-Limit-ITAT-Income-Tax-Addition-TAXSCAN.jpeg "Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]")
Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted addition as cash deposited during demonetization period does not exceed threshold...
![TDS Credit on Accrued Income is allowable, if it was not claimed in earlier years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-credit-income-ITAT-taxscan.jpeg "TDS Credit on Accrued Income is allowable, if it was not claimed in earlier years: ITAT [Read Order]")
![Revisional Order cannot passed just because the decision of the Assessing Officer is not to the liking of PCIT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Order-Assessing-Officer-liking-of-PCIT-ITAT-Taxscan.jpg "Revisional Order cannot passed just because the decision of the Assessing Officer is not to the liking of PCIT: ITAT [Read Order]")
![Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Newly-Purchased-Asset-Residential-Property-Physical-Inquiry-ITAT-Capital-Gain-Exemption-Taxscan.jpeg "Newly Purchased Asset was found as Residential Property on Physical Inquiry: ITAT allows Capital Gain Exemption [Read Order]")
Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the benefit of higher tolerance band of 10% for difference between the sale price of flat and the stamp duty valuation to apply...
![Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/tolerance-band-sale-price-stamp-duty-valuation-ITAT-Taxscan.jpg "Benefit of Higher Tolerance band of 10% for difference between the Sale Price of Flat and Stamp Duty Valuation to apply retrospectively: ITAT [Read Order]")
![ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Employee-Stock-Exchange-Plan-ITAT-Dubai-based-executive-of-HDFC-Bank-ESOPs-in-India-Taxscan.jpg "ITAT orders Dubai-based executive of HDFC Bank to pay Tax on ESOPs in India [Read Order]")
Cess paid can be deducted while computing Income chargeable under the head 'Profits and Gains of Business or Profession': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the cess paid can be deducted while computing income chargeable under the head “profits and gains of business or profession”. The...
![Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Cess-computing-income-profits-gains-of-business-ITAT-Taxscan-1.jpg "Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]")
Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) ruled that the payment of membership and subscription charges are preliminary expenditure which is incurred by Philips and after the setting up of business it...
![Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Preliminary Expenditure like Membership and Subscription charges are Capital in Nature: ITAT [Read Order]")
Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that, Disallowance Of Rental Expenses Merely As Per the Leave and License Agreement Cannot Be Sustained. The appeal has been filed by the...
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai in Dy. Commissioner of Income Tax vs. M/s. Deloitte Touche Tohmatsu held that when the Tax Rates applicable in both the years is same there is no...
![Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Tax-Rates-Taxscan.jpg "Income Assessed in Subsequent Year doesn’t cause loss to Revenue when Tax Rates are Same: ITAT [Read Order]")
![Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Expenditure-Club-Membership-Fees-Deloitte-Taxscan.jpg "Expenditure incurred for Club Membership Fees is Allowable: ITAT [Read Order]")